Binance USD (BUSD)

What Is Binance USD?

Binance USD is the cryptocurrency created by the Binance exchange platform together with Paxos financial service provider. BUSD coin value is backed up by the US dollar, which means it’s a stablecoin. BUSD is regulated by American financial laws and has been approved by the New York State Department of Financial Services.

Binance USD is the cryptocurrency created by the Binance exchange platform together with Paxos financial service provider. BUSD coin value is backed up by the US dollar, which means it’s a stablecoin. BUSD is regulated by American financial laws and has been approved by the New York State Department of Financial Services.

What are the BUSD advantages?

Stability

As far as Binance USD price is always close to $1, this is a great investment instrument for short- and long-term storage of cryptocurrency. It can also be used for daily trading and cryptocurrency arbitrage with minimal risks and losses

Liquidity

BUSD can be exchanged for many other stablecoins and cryptocurrencies without limits. It’s present not only on Binance but on other exchange platforms, as well, being traded in pairs with many other crypto assets

Legality

Binance USD coin is regulated by American financial laws and complies with all applicable standards. The coin’s value is backed up by real fiat assets (USD), which means holders are unlikely to lose their funds

Zero fees

You can exchange BUSD for other stablecoins (PAX, USDC, TUSD) in a 1:1 ratio with zero commissions. Such swapping is available on Binance, Paxos, and other services. It makes crypto trading reliable and convenient

International

Even though Binance USD is widely used in the United States, it’s available on platforms around the world and can soon become a great tool for international payments and money transfers

Safety

Since BUSD is stored in a blockchain, hacking, and stealing of funds is almost impossible. Binance does its best to protect customers’ funds by taking the most advanced security and encryption measures